Tatterton said last year’s apartment building numbers were also inflated due to a large portfolio sale from late 2017 which didn’t close until early 2018.

Edmonton’s industrial sector had 220 transactions worth $841 million in 2018, up 61 per cent. Warehouse and distribution centre portfolios were the drivers, with REITs, local private capital and owners/users all involved in buying.

Altus Group Data Solutions

Toronto-headquartered Altus Group Limited provides independent advisory services, as well as software and data solutions, to the global commercial real estate industry. It has approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific.

Its Altus Group Data Solutions subsidiary delivers Canadian real estate industry data covering new homes, investment transactions and commercial market inventory in key markets. It also provides intelligence on the national housing market and consumer home buying and borrowing patterns.